The next downturn — whenever it comes — will likely be different from those in the past.
Clotilde Dedecker used her organization to convene talks about racial equity and brought a powerful education ally to the city. The results: an impressive spike in graduation rates and an influx of new jobs.
Rebecca Rimel to Step Down as CEO of Pew Charitable Trusts
She oversaw one of the most stunning changes in the philanthropy world, shifting a wealthy family fund to charity status so it could do more advocacy and political work. That change paved the way a generation later for donors like Mark Zuckerberg, Pricilla Chan, and Laurene Powell Jobs to eschew the typical foundation structure of their philanthropic work.
Justice Funders wants to weaken top-down decision-making at foundations and expand the scope of grantee influence. The group already has a big footprint in California and hopes its ideas catch fire nationwide.
Grant Makers Urged to Rethink How They Are Organized and How They Operate
A report by Rockefeller Philanthropy Advisors encourages foundation leaders to work closely with their boards and make sure the appropriate framework is in place to support new approaches to philanthropy.
The Blackstone financier placed a big bet on the study of artificial intelligence and landed at No. 4 on the Philanthropy 50, the Chronicle’s ranking of the top donors.
Power, Transparency, and New Ways to Give
The new trend in long-term, futuristic bets by some of the biggest U.S. philanthropists is drawing scrutiny by critics who say those enormous financial commitments need more public scrutiny and measurable goals.
The people on the Philanthropy 50, the Chronicle’s annual list of the biggest U.S. donors, collectively gave more than $7.8 billion last year. Artificial intelligence and privacy were among their top concerns.
John and Laura Arnold Join Other Billionaires in Move Away From Traditional Philanthropy
The couple announced the creation of a limited-liability company so they can do more political advocacy as they work toward goals such as reducing the cost of health care and overhauling the criminal-justice system.